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OMVIC Practice Exam Chapter 1-18 with Answers (59 Solved Questions)

OMVIC Practice Exam Chapter 1-18 with Answers simplifies your exam prep with solved past exams that mirror the actual test questions.

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OMVIC Chapter 1-181.What is the primary legislation govern-ing Ontario's retail automotive sector?Moter Vehicle Dealers Act, 20022.Which body or agency enforces MVDA?OMVIC3.List Three Functions carried out byOMVIC1) Administers and enforces theMVDA2) Inspects dealers3)Maintains a complaint line forconsumers4) Conducts investigations5) Conducts disciplinary hear-ings6) Conducts prosecutions7) Administers the CompensationFund4.How many people compose OMVICSboard of directors? How many dealers ?How many consumers?12 total9 dealer3 consumer5.Briefly explain the "Transactional FeeProgram"Under the transaction fee pro-gram , dealer are required to re-mit $10 for each vehicle sold orleased (included fleet and "as is"transactions ) to OMVIC. Thesefunds are remitted annually withthe dealers registration renewalfee.6.True or False:The transaction fee can bepassed along to the customer?True7.True or False: Under the Transaction FeeProgram, dealers are required to remit$10 (to OMVIC) for each retail vehiclesold or leased?True8.What information is OMVIC required tomake available to the public?1) A dealer's business name, ad-dress and phone number1 / 11

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